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Quiz: Profit & Loss

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Number of Questions: 45

Question: 1 -

A Man buys a cycle for RS.1400  and sells it at a loss of 15%.What is the selling price of the cycle?

Options:

  1. RS.1090

  2. RS.1202

  3. RS.1160

  4. RS.1190

    5. Answer:

    RS.1190
    Solution:

    S.P=85% OF RS. 1400

    RS.[85*1400]/100=RS.1190

Question: 2 -

Cost price of a chair is RS.1500,with a profit of 33%,then find the selling price?

Options:

  1. RS.2000

  2. RS.1995

  3. RS.1870

  4. RS.1850

    5. Answer:

    RS.1995
    Solution:

    C.P=RS.1500

    PROFIT=33%

    PROFIT=[(S.P-C.P)/C.P]*100

    33=[(S.P-1500)/1500]*100

    S.P=RS.1995

Question: 3 -

Cost price of 20 articles is same as the selling price of x articles. If the profit is 25% then the value of x is

Options:

  1. 15

  2. 20

  3. 31

  4. 16

    5. Answer:

    16
    Solution:

    let C.P Of each article is Re.1

    C.P OF X aricles= RS.X

    S.P OF X articles=RS.20

    PROFIT=RS.(20-X).

    [(20-X)/X]*100 =25

    2000-100X=25X

    X=16.

Question: 4 -

Selling price of a salt is RS.40, With a profit of 20%.find cost price of salt?

Options:

  1. RS.32.22

  2. RS.31

  3. RS.35

  4. RS.33.33

    5. Answer:

    RS.33.33
    Solution:

    S.P=RS.40

    PROFIT=20%

    PROFIT=[(S.P-C.P)/C.P] *100

    20=[(40-C.P)/C.P]*100

    C.P=RS. 33.33

Question: 5 -

Alfred buys an old scooter for RS.4700 and spends RS.800 on its repairs. If he sells the scooter for RS.5800,his gain percent is

Options:

  1. (60/11)%

  2. 10%

  3. 12%

  4. (32/7)%

    5. Answer:

    (60/11)%
    Solution:

    C.P=RS.(4700+800)=RS.5500,

    S.P=RS.5800,                              

    (GAIN=S.P-C.P ) =RS.300

    (GAIN%)=[300/5500]*100= (60/11)%